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Feb 13, 2013
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first up, can you do business with president obama? he is opposed to this and wants to rewrite it and defer it change it? can you do business? >> i think it simimportant to remember that these devastating cuts were his ideas. it was the republicans that have put forward two times now proposals to replace these cuts with other ways to reduce spending. we passed these six months ago. we need the democrats to put their proposals forward. why is it that spending cuts are bad for the economy but tax increases are somehow not bad for the economy? i don't understand that logic. we need both. we have been having this debate back and forth. that is part of the problem. and we need some spending restraint. the big area where we need it is in health care. the rising health care cost is in growth to the economy. if we can find ways to bring down the costs of health care we can have a win win. >> the report that came out, which shows a slight decline in the deficit goes back up over $1 trillion in ten years because of social security and yet the pr
first up, can you do business with president obama? he is opposed to this and wants to rewrite it and defer it change it? can you do business? >> i think it simimportant to remember that these devastating cuts were his ideas. it was the republicans that have put forward two times now proposals to replace these cuts with other ways to reduce spending. we passed these six months ago. we need the democrats to put their proposals forward. why is it that spending cuts are bad for the economy...
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Feb 14, 2013
02/13
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he posted a town hall for obama in 2011. cheryl bandberg was a big fund-raiser for obama but investor and board member bark andariesen publicly backed mitt romney for president. donations are capped at $800 per head. it may be tough to tell through all the security and events are organizers are not releasing a list of who is expected to be here. >> julia, thank you very, very much. i want to ask my panelist, kelly ann, begin with you. this money from zuckerburg is not going to the foundation, it's going to chris christie's campaign. what does that mean? >> it's really great for mark zuckerberg. he's breaking a lot in silicon valley. for the democratic party. it shows he's willing to put political muscle behind public policy issues he and his wife care about. if i were governor christie, mark zuckerberg would be like a walking demographic dream for me, the youth vote, jewish vote, tech vote, tech money. i think they're going to have a tough talk about education reform, which is working in new jersey. >> is it going to be pres
he posted a town hall for obama in 2011. cheryl bandberg was a big fund-raiser for obama but investor and board member bark andariesen publicly backed mitt romney for president. donations are capped at $800 per head. it may be tough to tell through all the security and events are organizers are not releasing a list of who is expected to be here. >> julia, thank you very, very much. i want to ask my panelist, kelly ann, begin with you. this money from zuckerburg is not going to the...
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Feb 13, 2013
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obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want to hear what the president has to say. i have heard different things but have not read the speech. if he wants to go protectionist, for example, i think that will be poorly received, frankly, again, outside of his own union base and so forth. the tim cook thing is fascinating. i get that. if you bring manufacturing facilities home, that would be great. cut the corporate tax rate that would give them an incentive. regulate less that would give them an incentive to come home. >> certainly he will talk about incentives to try to bring manufacturing back home. i would
obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want...
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Feb 13, 2013
02/13
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. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanction
. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth...
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Feb 13, 2013
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we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor romney for. >> being hypocritical in washington, that's certainly not very unique, i don't think, senator, right? i guess it's politics, the political season. i understand fully what you're saying, but you don't really have anything, right? no one is saying he even was a tax evader, just he did some of the same things that raised eyebrows during the election. >> unlike four years ago, we had several nominees from this administration that didn't pay their taxes. some paid their taxes and others withdrew their name. there's no charges against lew for that reason. but i think we do ha
we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor...
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Feb 16, 2013
02/13
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president obama. sudden harsh arbitrary cuts will jeopardize military, slow recovery, and cost us thousands of jobs. so morgan, what do you make of that? >> haven't we heard this all before? we've heard this all before. they scared us before the election with the fear tactics about women. they're going to take your birth control away. they're going to take abortion away. it's always fear tactics with the left. always. and the thing is if the republicans do not stand strong the ball is in their court. they're holding the cards. if they flinch and they let this go, the opportunity -- >> the base will walk away. >> base will walk away. >> the base will walk away and the party will self-destruct. it's split so badly. it will self-destruct. >> look, we need to have cuts. some way. this way they are guaranteed to happen. >> these little puny nothing cuts. rana, what's your response to this? you're on, shall we say, the other side of the street. what is your response? >> i'm going to shock with you and agree
president obama. sudden harsh arbitrary cuts will jeopardize military, slow recovery, and cost us thousands of jobs. so morgan, what do you make of that? >> haven't we heard this all before? we've heard this all before. they scared us before the election with the fear tactics about women. they're going to take your birth control away. they're going to take abortion away. it's always fear tactics with the left. always. and the thing is if the republicans do not stand strong the ball is in...
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Feb 5, 2013
02/13
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we warned you president obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path to prosperi prosperity. more tax hikes will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the
we warned you president obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path...
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Feb 13, 2013
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the state of the union last night in the wake of that, take a look at mcdonald's, president obama talks about a $9 minimum wage floor, what is that doing to mcdonald's today? we're not immune to the rhetoric. the problem for the market right now is over the next couple of weeks, there's not much out there that will allow us to look at the potential story. >> merck warning the company will take a 5% per share hit due to venezuela's currency devaluation. josh, what do you think here? until they devalue again this say one-time thing, right? >> yeah, i think this is one of those things that most people should not pay too much attention to, because really at the end of the day, who knows. >> if you've been paying attention to venezuela at all you knew this was coming at some point. burning through reserves like crazy. >> when is the last time anyone's seen this guy. >> december 11th, hasn't tweeted in 151 days. >> it's a murder mystery in venezuela. i'll try not trading that one. >> i'll make it simple, pfizer is the thing you want to own. >> i'm long pfizer so i agree. >> jcpenney boosting
the state of the union last night in the wake of that, take a look at mcdonald's, president obama talks about a $9 minimum wage floor, what is that doing to mcdonald's today? we're not immune to the rhetoric. the problem for the market right now is over the next couple of weeks, there's not much out there that will allow us to look at the potential story. >> merck warning the company will take a 5% per share hit due to venezuela's currency devaluation. josh, what do you think here? until...
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Feb 13, 2013
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zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his educated flan pi. this past december he and his wife donated 18 million facebook shares to the silicon valley community foundation. he's contributed $10,000 to facebook's political action committee which donated $267,000 to both democratic and republican candidates over the past two years but today's event does face some opposition. the democratic governor's association posted a petition earlier this week to pressure zuckerberg to cancel his fund-raiser. it has pulled the petition down. it's no longer up online. an organization called credo action is planning a protest ahead of the event this evening. the event toni
zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his...
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Feb 12, 2013
02/13
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. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the session, course of the program. what is your takeaway from what tim cook said or didn't say today? >> listen, i think it's very interesting this whole conversation with what einhorn has now created with apple. this conversation ensuing. i like apple. i like apple where it is at the moment. >> did you like it all the way down. >> i said a long time ago when it started to crack at 700, you had to be careful. there's so many names we saw at the end of the year, get into it, push and push the way the market got ahead of itself. i fully expect the market will back off some. it needs to some. if you look it up, exactly
. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the...
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Feb 12, 2013
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you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour into the trading day in europe. pretty even stevens, actually. we're keeping our focus in the uk on barclay's. as we are on the xetra dax and the ibex and the cac 40. so no clear direction, as you can see. now, the nikkei was trading again today. let's show you where we've finished with the nikkei. up 2%. this morning, the yen was weakening again. we've seen it down against the dollar. we were bound at those may 2010 lows yesterday. shanghai composite up 0.5%. the hang seng up slightly, as well. we were flat in australia and the kospi down slightly flat. the au
you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour...
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Feb 12, 2013
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>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan and reach across the aisle. weigh in on those two notions. >> first of all, we're not 80% done on the debt and have a long way to go. this president needs to engage on our debt deficit. that's critical. second, i hope it won't be that partisan. hope it will be bipartisan. realizing america has a budget problem and americans have tightened their belts and it's time we did in washington. >> i'm not as optimistic as you are. after four years, i can pretty much tell you all the issues out there and a lot of good ideas. you brought up jobs. really, isn't there a philosophical difference here. that the spending mo
>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan...
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Feb 6, 2013
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this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr. cantor will join me tomorrow. next up this evening, we had a nice recovery rally in the markets today. but here's what i want to know. what effect will the sequester have on stocks? will it be as dire as some say or might it be bullish. we'll get answers. free market capitalism, the best path to prosperity. free market capitalism says shrink government spending to grow the economy. i'm larry kudlow. we'll be right back. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha
this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr....
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Feb 1, 2013
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she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment that i don't think the country would be safe or well served by. >> she is at least articulate. >> i think he's going to be confirmed anyway, as awful as that sounds. democrats are going to confirm him. that's the life we live in. that's the country we live in, jennifer ruben. thank you very much for your reporting. also thanks to art laffer and michelle caruso-cabrera for being with us this evening. i appreciate it. >>> now we're going to stick with national security. we have reports today that the chinese government has hacked i
she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment...
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Feb 22, 2013
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i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary policy and that's how we'll deal with the fiscal problem. no tax hikes, spending cuts. >> you get both out of the way. you have to at some point and i agree not having qe as an expectation is a tighter policy. that's point number one. point two it's very old wall i need stimulus and i need spending. if you go back to reagan, clinton, go back to eisenhower -- >> strong dollar was consistent with great stuff. >> strong dollar is the most pro growth signal you can find. >> those were golden dollars. these are not golden dollars today. >> the average oil
i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary...
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Feb 27, 2013
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shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the president during a major storm where a lot of people were at risk would have been a mistake, a, and, b, a total violation of the brand that he has built. >> and you must be thrilled about this to see republicans dumping on a guy, christie, because christie is a guy that could win new jersey. if he ran for president he could win blue states. we were talking before. republicans, not since reagan and papa bush have republicans won, i believe, california and new jersey, and i think reagan won new york twice if i am not mistaken. it has been so long since they did that. christie
shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the...
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Feb 7, 2013
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that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage foundation's seminar today for new and old congressional members. the vibe i picked up is, a, no new taxes and, b, let's cut spending. >> it's quite a scene on capitol hill. house republicans are very nervous about the sequester. back home in their districts, a lot of them represent military families, defense mms and employees. tharp not going to accept the president's demand for tax increases zip thought the defense lobby went in to see the president. do we know what happened there? big defense companies. what happened? >> the president brought in a lot of defense executi
that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage...
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for example, "the journal" said president obama's s.e.c. chair nominee mary jo white would not be able to vote on any case involving jpmorgan for two years after taking the job because jpmorgan was a client at a previous law firm. and daniel gallagher would have a conflict of interest on jpmorgan cases, too. he came from a law firm that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a quorum on certain cases which could potentially weaken the commission. s.e.c. declined to comment to the newspaper on behalf of white who is not yet a commission official. back to you. >> thanks so much, eamon. reaction now with attorney andrew consultman who says this is a major problem, while a former s.e.c. official says the benefits of having the right people far outweigh the cost of some conflicts of interest. both join us right now for a discussion. good to have you on the program. robert, i think you make a good point. you want people with the experience and
for example, "the journal" said president obama's s.e.c. chair nominee mary jo white would not be able to vote on any case involving jpmorgan for two years after taking the job because jpmorgan was a client at a previous law firm. and daniel gallagher would have a conflict of interest on jpmorgan cases, too. he came from a law firm that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a...
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Feb 4, 2013
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now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. the senate has not t
now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do...
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Feb 13, 2013
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last night on the state of the union, we heard president obama talk about it. i don't know if there's going to be backing from both sides. this is the place you want to be. >> guy? >> hi there. we have a little time. all my efforts have been this warted to take you to qdoba, especially for valentine's day. >> i'm free right now. >> i decided to bring -- >> aw! >> did you eat half it? >> i got us a meat salad and a large drink, one straw so we could share. >> that's too big for new york city, that soda. >> this is sort of our valentine's day. i'm not here tomorrow to share it with you. >> i would love to take a swig of this. >> look, look! see that? >> now i know where your true affections lie! >> it's the other woman! it's the other woman! >> what is this? >> butter cup. >> a woman in every port, mel. >> and you ate half this, by the way. half is gone. >> happy valentine's out there. >> to everybody, a day in advance. >> a day early. >> which is the way to do it. >> don't go anywhere. "mad >> i'm jim cramer, welcome to my world. you need to get in the game. ste
last night on the state of the union, we heard president obama talk about it. i don't know if there's going to be backing from both sides. this is the place you want to be. >> guy? >> hi there. we have a little time. all my efforts have been this warted to take you to qdoba, especially for valentine's day. >> i'm free right now. >> i decided to bring -- >> aw! >> did you eat half it? >> i got us a meat salad and a large drink, one straw so we could...
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>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to happen and there are people that will be upset about know it. >> the other thing that makes people apoplectic, you kcan cac about health care and spending decelerating. the bottom line was about cost containment. it really wasn't, about coverage. when you look at the amount of me on the government will spend on health care the next ten years, it is higher on obama-care than otherwise. the cost of spending will go up. >> the cost of spending for the government. >> that was the mission. >> i apologize. i have breaking news with government spending. the post office. this is breaking news. the post office says
>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to...
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Feb 11, 2013
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tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
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Feb 26, 2013
02/13
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until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis begin to pump more oil to lower the price of brent crude, something they won't do since they curtailed production, it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad money" is back after this. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> betting line is there will be no sequester or there will be a solution for the end of march when it's really expected to kick in. that's right. despite the four-days to armageddon rap, the stocks that have been going higher or hanging in there, notably the defense stocks wou
until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis begin to pump more oil to lower the price of brent crude, something they won't do since they curtailed production, it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad...
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Feb 19, 2013
02/13
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. >> of course, president barack obama is also saying we need new tax revenue as part of a followup dahle deal and today alan simpson and erskine bowles said they want even more cut than they had asked for before. while agreeing with the president on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in health care to slow the rate of growth on a per capita basis to the rate of the growth in the economy. in our opinion that takes $600 billion to do over a ten-year period. >> reporter: maria, even if erskine bowles and alan simpson are successful in that, it's not likely to be before march 1st. this is all happening in public. private negotiations are not going on it. may be, as erskine bowles and alan simpson suggested today, that we need a public backlash from the consequences of some of those sequester cuts before there's enough heat for washington to make a deal. >> deja vu again. these speeches sound more
. >> of course, president barack obama is also saying we need new tax revenue as part of a followup dahle deal and today alan simpson and erskine bowles said they want even more cut than they had asked for before. while agreeing with the president on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in...
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Feb 27, 2013
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. >> 2% isn't nothing tp president obama has been laying out exactly how many people might be fired in defense. >> he is playing the alarmist role. sending out e-mails today about no more meals on wheels for elderly. are you kidding me? are you kidding me? that's where we're going with th this? >> the market doesn't seem to be paying too much attention to it. that the interesting point to me. i'm hearing, when i walk in the door down here, the teflon market word again. josh lipton, i don't know if you see that in the internals you're looking at from your perspective. what are you watching and this seems to be a fairly broad-based move in the market. >> you heard bob and steve touching on this. there are three trend. you have commentary out of chairman bernanke repeating support for stimulus. have you italy. we had release from the five and ten-year bond offerings. durable goods, transportation, i think it is good to see moves? individual names and you'll time highs in consumer names. talking about kellogg, hershey, clorox, delphi automotive. some strategists remain long-term bullish. >
. >> 2% isn't nothing tp president obama has been laying out exactly how many people might be fired in defense. >> he is playing the alarmist role. sending out e-mails today about no more meals on wheels for elderly. are you kidding me? are you kidding me? that's where we're going with th this? >> the market doesn't seem to be paying too much attention to it. that the interesting point to me. i'm hearing, when i walk in the door down here, the teflon market word again. josh...
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Feb 22, 2013
02/13
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president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to gain, in the wake of last night's result and exclusive interview last night on cnbc. >> just when you think you have the markets figured out, they throw you an up day. >> "street signs" begins right now. have a great weekend. >>> and welcome to "street signs," everybody. i'm mandy and we are black in back, baby. dow is soaring. turning positive for the week now but could we head for the case of the mondays come next week. also hp is leaving this market higher. that stock hits a fur-year high. also, stock shopping spree. we will hit the mall for three things that every invest over, yes, that
president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to...
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Feb 25, 2013
02/13
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until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad money" is back after this. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to
until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad...
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Feb 8, 2013
02/13
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. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to collaborate with physicians, to drive increases in health quality. today we have over 50 collaboratives already up and running in the united states where physicians are more paid based on the quality of outcomes haves the quality of services. as a result, people are getting better quality of outcomes, better services and costs are coming out of the system. >> david, give us a -- your outlook for the year ahead and a little bit beyond that. to what extent, when washington is -- it's in the middle right now of the process of trying to find cost savings. do you expect some of those cost saving
. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to...
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Feb 28, 2013
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implementation of obama care is creating uncertainty for the future. but this is why we don't do thesis investing here on "mad money," because all too often the facts refuse to comply with the story. take dominos, the second best performing stock over the last 12 months. maybe that means the consumer's fine or the consumer's in trouble, i don't care, but dominos is executing so well with the new deep dish pan pizzas that the company can transcend those problems. you're better off investing based off what's happening in a individual company rather than trying to put a story together about the whole economy that you can try to shoe horn lots of stocks into. especially if you're like me and my kids we all love dominos and order it every time we're together. no cheese, though. a 60-cent basis, rising 7.5% year-over-year. beyond, that the domestic same store sales increased by 4.7%, international, because dominos, by the way hugely and rapidly growing international business rose 5.2% versus the year before. dominos instituting the very first dividend paying
implementation of obama care is creating uncertainty for the future. but this is why we don't do thesis investing here on "mad money," because all too often the facts refuse to comply with the story. take dominos, the second best performing stock over the last 12 months. maybe that means the consumer's fine or the consumer's in trouble, i don't care, but dominos is executing so well with the new deep dish pan pizzas that the company can transcend those problems. you're better off...
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Feb 20, 2013
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austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i know it off the top of my head. i think you need to still hit the revenue side. you need revenues and spending to be that fly% differential, you have to get there. you need revenues up by 18%. >> do you get that growing or additional taxes? >> i don't want to use the word taxes and i'm not trying to -- i don't think we're talking about tax rates here. there are certainly revenue loopholes we could be closing. >> we're supposed to close those to lower marginal rates. >> but we didn't. >> simpson-bowles we were lowering marginal rates and closing loopholes. now, we raise annual rates and you close loopholes. >> it
austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i...
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Feb 27, 2013
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president obama does okay on that score. he's 48% of the country say he's trying to bring the country together. 43% say he's taking a partisan approach. but republicans get hammered by the public. only 22% credit republicans with trying to bring the country together. three times that many just about, 64%, say they're driving the country apart -- in a partisan way. and when you look at the issues at stake, each side has some advantages. but -- from the democratic point of view, looking out for the middle class, 22% advantage for the democrats. on the issue of taxes which is traditionally a republican strength, democrats have a small advantage plus 3%. republicans on the flip side, who would do better at protecting a strong defense? 26% advantage for republicans. who'd do better at reducing the deficit? 6% advantage for republicans. so each side brings strengths to this issue. but president obama clearly has the high ground in terms of the bully pulpit and trying to put pressure on republicans. he hasn't been able to put enoug
president obama does okay on that score. he's 48% of the country say he's trying to bring the country together. 43% say he's taking a partisan approach. but republicans get hammered by the public. only 22% credit republicans with trying to bring the country together. three times that many just about, 64%, say they're driving the country apart -- in a partisan way. and when you look at the issues at stake, each side has some advantages. but -- from the democratic point of view, looking out for...
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Feb 8, 2013
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effectively these guys are now kicking the ball back into obama's court. watch for comment on that in the state of the union address next week. >> just a few days ahead. get home before the snow starts building up. >> i'm running. >> thanks so much. >>> prominent business leaders met with senior administration officials yesterday on cutting the debt with budget cuts and new tax nues santelli has more on that. >> welcome, governor. it's great to have you. i know you didn't attend the most recent roundtable meeting at the white house. but maybe you can give me your sense of the current administration and how the business roundtable is trying to navigate. i have three topics. the first one is regulation. i just finished the isaacson book about jobs. first of all, he was wrong. he thought the president would be a one-term president. but when he talked about things like regulatory issues, he said, why should it be easier for the chinese to build a factory here in the u.s.? your thoughts, sir? >> well, the reason i wasn't at the white house, i was over across th
effectively these guys are now kicking the ball back into obama's court. watch for comment on that in the state of the union address next week. >> just a few days ahead. get home before the snow starts building up. >> i'm running. >> thanks so much. >>> prominent business leaders met with senior administration officials yesterday on cutting the debt with budget cuts and new tax nues santelli has more on that. >> welcome, governor. it's great to have you. i know...
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Feb 15, 2013
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. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he announced on cybersecurity at the state of the union earlier in the week. the white house's top cyber guru talked about the scope and scale of these attacks. >> the threat is becoming more sophisticated and it's becoming more dangerous. we're moving up the threat spectrum from simply the internet equivalent of graffiti up to what you see what happened to saudi aramco with actual destructive impact. >> and what he's talking about there in that attack, officials said it was a month's long attack on the saudi arabian oil company designed to cut off oil production and sale, that hackers might have ability to do that. now, experts
. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he...
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Feb 27, 2013
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. >> the other pressure could be obama care. do you think that they will expand to employees but no more? what is the impact that you see? >> that is the biggest concern of our franchisees. they don't have enough information. they don't know what they're looking forward to. it's causing a lot of concern. that, too, will also pass through the consumer. >> would it be a big subway outlet, wouldn't it? >> single store has about a dozen employees. >> it's 13 years since you wrote the book "start small, finish big" which was about grass roots entrepreneurship. do you think the environment for those chasing the american dream by setting up their own business has gotten worse or better in those 13 years? >> it's continuously gotten worse, because there's more and more regulations. it's tougher for people to get into business. especially a small business. i tell you, if i started subway today, subway would not exist. because i had an easy time of it in the '60s when i started. i just see a continuous increase in regulation. >> do you ha
. >> the other pressure could be obama care. do you think that they will expand to employees but no more? what is the impact that you see? >> that is the biggest concern of our franchisees. they don't have enough information. they don't know what they're looking forward to. it's causing a lot of concern. that, too, will also pass through the consumer. >> would it be a big subway outlet, wouldn't it? >> single store has about a dozen employees. >> it's 13 years...
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Feb 21, 2013
02/13
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obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna happen. i have been through this when i worked for flaengt budget bureau. not going to be a government shutdown. there's going to be a continuing resolution. and they are going to reallocate from defense to non-defense. this story is going to turn out good, not bad. that's my point. going to be a plus story, not a bad story. >> larry, thank you for coming in. be sure to catch larry, "the kudlow report," every week night at 7 p.m. eastern time. coke just tanked their dividend along with walmart. talk about that in a moment. >>> google, almost $1,0
obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna...
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Feb 22, 2013
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we have the details on president obama's silicon valley-like soiree. >>> welcome back to "squawk on the street." it's friday. therefore, it's friday's i decisi edition of the "santelli exchange". the big issues of the day are all wrapped around debt and deficits. no matter how you want to spin it, how you want to deal with it, how you want to avoid it or how you want to get around it, these are at the epicenter. i think back, fannie, freddie, don't see many solutions. those are called government-sponsored enterprises. basically agencies of the federal government that were set up and the boiler-plate was, not guaranteed by the u.s. government. what in essence they were. now, let's think back to some of the new issues of the day, infrastructure bank. in the state of the union, the president called for this as something to build and save the country and the economy. now, let's also look at some acronyms. transportation infrastructure finance and innovation act. that will be expanded to, yes, rise of the zombie clones to create another agency very similar to freddie and fannie. it's going t
we have the details on president obama's silicon valley-like soiree. >>> welcome back to "squawk on the street." it's friday. therefore, it's friday's i decisi edition of the "santelli exchange". the big issues of the day are all wrapped around debt and deficits. no matter how you want to spin it, how you want to deal with it, how you want to avoid it or how you want to get around it, these are at the epicenter. i think back, fannie, freddie, don't see many...
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Feb 14, 2013
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sales did increase in the wake of what happened in newtown as well as concerns president obama would try to restrict gun sales. more on that on my blog tradertalk.cnbc.com. >> bob, welcome home. good to see you back. rick santelli in chicago. good morning, rick. >> good morning, carl. we've all heard the news, there's a lot of gdp shrinkage in japan and third quarter, eurozone. it's very difficult to tell sometimes. look at a 24-hour chart of our ten-year, think what the multinational companies are thinking, looks like rates going you up, auctioned off ten-years, 24 billion. there's a rogue, a new guy on the block. it distorts it a bit. you can see we're coming back down. these yields on this new guy, still a good chance we'll settle above 201.5 close, going back to early april. if you look at a two-day chart of the boone, you can see dynamics in place, about face, suggestion of data, weaker data showed up in the marketplace. look at spain, this is really interesting. a two-week chart of spain basically, wow, these yields are really going down. are even the southern countries have th
sales did increase in the wake of what happened in newtown as well as concerns president obama would try to restrict gun sales. more on that on my blog tradertalk.cnbc.com. >> bob, welcome home. good to see you back. rick santelli in chicago. good morning, rick. >> good morning, carl. we've all heard the news, there's a lot of gdp shrinkage in japan and third quarter, eurozone. it's very difficult to tell sometimes. look at a 24-hour chart of our ten-year, think what the...
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an independent voice for obama. >> i am committed to president obama and vice president biden. i think he's a brilliant man. he is now able to flower more as the president i knew he could be. >> a leader who knows how to follow. >> i will go where ever the president wants me to go. >> the group is spending $10,000 to run the ad online. here's what a spokesman told "outfront" -- taking a page from the chris christie playbook. it's been 552 days since this country lost its top credit rating. good news on hiring. home depot said it's going to hire 80,000 seasonal workers for the spring. 10,000 more than last year. our fourth story, happy birthday, ethan. the child who was abducted from his schoolbus and held hostage for nearly a week was home, safe with his family, celebrating his sixth birthday today. the bunker tonight is now set to be destroyed as soon as they remove all of the evidence. this is according to the sheriff in dale county. cnn is also learning more tonight about the man who held ethan captive after shooting and killing ethan's bus driver. martin savidge has the sto
an independent voice for obama. >> i am committed to president obama and vice president biden. i think he's a brilliant man. he is now able to flower more as the president i knew he could be. >> a leader who knows how to follow. >> i will go where ever the president wants me to go. >> the group is spending $10,000 to run the ad online. here's what a spokesman told "outfront" -- taking a page from the chris christie playbook. it's been 552 days since this...
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Feb 13, 2013
02/13
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but i will begin with you van jones former obama adviser. let me ask you this, do you believe, even with the emotion, do you believe that left and right can come together and get something done that would be meaningful on gun control? >> well, first of all, i think that even the second time you hear the president make that powerful, powerful statement, it's emotional. he really struck a chord. i think that will go down as one of his most defining moments where he spoke to the heart of the issue and the heart of the country. i hope that we can get something done. i will tell you why. some funerals get on television. a lot of funerals don't. i think americans are tired of going to funerals and seeing young people in the caskets and old folks like me and you in the pews. i'm tired of seeing prom pictures being used on funeral programs. i'm tired of that. some programs are about assault weapons and we talked about the fact it is mostly hand guchbs. some won't get to the violence but i hope we will. >> because there is one reason, i have covered
but i will begin with you van jones former obama adviser. let me ask you this, do you believe, even with the emotion, do you believe that left and right can come together and get something done that would be meaningful on gun control? >> well, first of all, i think that even the second time you hear the president make that powerful, powerful statement, it's emotional. he really struck a chord. i think that will go down as one of his most defining moments where he spoke to the heart of the...
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on tuesday, president obama gives his state of the union address. most of the talk has been about the republican response. it will be given by florida senator marco rubio. he is on the cover of the new issue of "time" magazine. it's being called "the republican savior." rubio's respondeded with this tweet, "there is only one savior, and it's not me #-jesus." rubio is clearly though, the star of his party now. joining me to talk about rubio and the rest of the political hop topics cnn contributor maria cardona, and amy holmes, anchor of "real news" on "the blaze." maria, you were talking about the fact that rubio will give part of the response in spanish. so good move? do you think it's going to sway latino voters? >> well, i'll say this, martin, it is a good move. the republican party when it comes to latinos they're starting from less than zero. so anything that they do will count toward trying to attract latino voters. but it's going to take more than words. it's going to take more than spanish words. they've got to do more than talk the talk. the
on tuesday, president obama gives his state of the union address. most of the talk has been about the republican response. it will be given by florida senator marco rubio. he is on the cover of the new issue of "time" magazine. it's being called "the republican savior." rubio's respondeded with this tweet, "there is only one savior, and it's not me #-jesus." rubio is clearly though, the star of his party now. joining me to talk about rubio and the rest of the...
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Feb 17, 2013
02/13
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bush, but obama has expanded. media hypocrisy? >> there has been condemination on the left of the drone policy. o'reilly is wrong there. but his point is actually fairly well taken. we haven't had quite the same robust debate about whether this is an effective policy of moral policy as we have had for many years and that's part of it about the waterboarding and enhanced interrogation. the fact is, the drone policy is relatively new and that's part of the problem here. is that we've only been dealing with it for four, five years. it will take some time to get us to the same level of outrage, i think, as we have about waterboarding and torture. >> i would like to commend o'reilly, actually, for putting this issue forsquare in front of people. this is a really big thing, as i say. the question is, do the media lead or follow? the point you made about john mccain speaking out. drones, we are, there is sort of unilateral decisionmaking about who lives and who dies from the sky. there is a lot of civilian consequence in all of this. >>
bush, but obama has expanded. media hypocrisy? >> there has been condemination on the left of the drone policy. o'reilly is wrong there. but his point is actually fairly well taken. we haven't had quite the same robust debate about whether this is an effective policy of moral policy as we have had for many years and that's part of it about the waterboarding and enhanced interrogation. the fact is, the drone policy is relatively new and that's part of the problem here. is that we've only...
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and i do think the democrats and president obama got off pretty lightly so far. what is your position on this? i mean, at what stage does the drone activity cease to be legitimate targeting of terrorism and become a kind of glorified, very brutal, very lethal fishing expedition? >> well, it has to be done very carefully. very uniquely. you have to be 100% sure you've got the right person and you're not making a mistake. i agree with you completely that if this had been done by george bush or any other republican, we'd be talking about hearings before congress. we would have some people talking about impeachment. for the life of me, i can't figure out why george bush got so much heat for waterboarding three people, and president obama has killed scores of people. and i probably agree with the decisions that president obama made, so i'm not saying he shouldn't have made those decisions. and i can't say they weren't the right decisions, but i think those decisions would have been scrutinized very heavily. from the point of view of a terrorist, would you rather be wa
and i do think the democrats and president obama got off pretty lightly so far. what is your position on this? i mean, at what stage does the drone activity cease to be legitimate targeting of terrorism and become a kind of glorified, very brutal, very lethal fishing expedition? >> well, it has to be done very carefully. very uniquely. you have to be 100% sure you've got the right person and you're not making a mistake. i agree with you completely that if this had been done by george bush...
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president obama has just issued an emergency declaration for the state of connecticut. the entire northeast is starting to dig out from up to three feet of snow. at least nine deaths are blamed on the storm that pounded the region this weekend. power crews are working to restore electricity to more than 350,000 people. all major airports have resumed flights after more than 5,000 were canceled because of the blizzard. >>> the search has resumed in california's san bernadino mountains for ex-los angeles cop christopher dorner. dorner is a suspect in the killing of three people, including a police officer. in a manifesto pe declared war on l.a. police officers and their families because he was fired from the force in 2008. a report commissioned by the family of joe paterno is absorbing the late coach of cover-up allegations in the jerry sandusky child sex abuse case. the report calls the findings of an earlier investigation conducted for penn state, quote, factually wrong, speculative and fundamentally flawed. in a separate letter to the school's former football plays his
president obama has just issued an emergency declaration for the state of connecticut. the entire northeast is starting to dig out from up to three feet of snow. at least nine deaths are blamed on the storm that pounded the region this weekend. power crews are working to restore electricity to more than 350,000 people. all major airports have resumed flights after more than 5,000 were canceled because of the blizzard. >>> the search has resumed in california's san bernadino mountains...
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Feb 13, 2013
02/13
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>> it's a wonderful idea barack obama can magically pay for it. we think a living wage is reasonable and provided in certain other countries but the more important issue is can he pay for it? if barack obama cannot find a way to pay for people making a living wage he shouldn't make those promises in the state of the union. >> on to question number two, one of the most emotional moments of the night, president obama urged congress to take action on gun violence. >> hadiya's parents, nate and cleo, are in this chamber tonight, along with more than two dozen americans whose lives have been torn apart by gun violence. they deserve a vote. gabby giffords deserves a vote. the families of newtown deserve a vote. the families of aurora deserve a vote. the families of oak creek and tucson and blacksburg and the countless other communities ripped open by gun violence, they deserve a simple vote. >> all right, it took a while but eventually republican house speaker john boehner stood up and he joined in the applause along with other republicans. so the quest
>> it's a wonderful idea barack obama can magically pay for it. we think a living wage is reasonable and provided in certain other countries but the more important issue is can he pay for it? if barack obama cannot find a way to pay for people making a living wage he shouldn't make those promises in the state of the union. >> on to question number two, one of the most emotional moments of the night, president obama urged congress to take action on gun violence. >> hadiya's...
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obama sure sounded like a candidate last night and this morning president obama hits the road for the first of a campaign style trip to drum up support. 53% of americans had a positive reaction to the speech. 21% sbomewhat, 22% negative. >> reporter: president obama said last night deficit reduction is lone is not an economic plan. and you are right, certainly echoes of the campaign. he talked about everyone deserving a fair shot and investing in the middle class. talked a lot about that with investments in education, clean energy, and an increase in the m minimum wage. >> we can say with renewed confidence that the state of our union is stronger. >> reporter: in the first state of the union address of his second term, president oobama ae of new proposals, taking on everything from universal preschool education to preparing the aging infrastructure to addressing the threat of climate change. he urged congress to put partisan issues aside and stay focused on jump starting the lethargic economy. >> we have worked too hard, too long to rebuild this crisis. . >> reporter: obama asked cong
obama sure sounded like a candidate last night and this morning president obama hits the road for the first of a campaign style trip to drum up support. 53% of americans had a positive reaction to the speech. 21% sbomewhat, 22% negative. >> reporter: president obama said last night deficit reduction is lone is not an economic plan. and you are right, certainly echoes of the campaign. he talked about everyone deserving a fair shot and investing in the middle class. talked a lot about that...